0

Subjects>Business>Accounting

What is retained earning an asset?

Anonymous

∙ 8y ago

Updated: 9/26/2023

retained earnings an asset?

Wiki User

∙ 8y ago

What else can I help you with?

Continue Learning about Accounting

Retained earnings a asset or liability?

Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.

Can the asset revaluation reserve amortized or written off to the P and L every year?

No! the asset revaluation reserve equal to the amount of depreciation charged during the year on the revalued asset should to be transaferred to the Retained Earning.

Do retained earning and retained profit the same?

Yes

Are retained earnings an asset equity or liability?

asset equity

Is retained earning an capital?

Yes

Related Questions

Retained earnings a asset or liability?

Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.

What is the Journal Entry for receiving a donated asset from City Government?

[Debit] Donated Assets [Credit] Retained Earning / OE

Can the asset revaluation reserve amortized or written off to the P and L every year?

No! the asset revaluation reserve equal to the amount of depreciation charged during the year on the revalued asset should to be transaferred to the Retained Earning.

Do retained earning and retained profit the same?

Yes

Are retained earnings an asset equity or liability?

asset equity

What is the difference between appropriated and unappropriated retained earnings?

Net earning of the firms, included retained earning, dividend etc.

Is retained earning an capital?

Yes

What are the three types of appropriated retained earning accounts?

Stock buyback is one of the three types of appropriated retained earning accounts. Also, new product development and acquisitions are two other types of appropriated retained earning accounts.

What is the journal entry if asset appreciates?

Debit Asset accountCredit retained earnings

Are retained earnings an asset or liability?

assets

What are Dividends in excess of retained earning?

Dividends in excess of retained earnings are not allowed by the IRS or CRA.

How earning is deflated by total asset?

k

Trending Questions

How do you journalize share transactions? What are the demate account? Can a co-owner of property claim the tax deduction if name is not on the 1098? What do you mean by outstanding rent? How do you obtain a voucher stub? Explain why the NPV of a relatively long-term project defined as one for which a high percentage of its cash flows are expected in distant future is more sensitive to changes in the cost of capital th? Does PayPal show full name and address when sending money? What are the Rules regarding appointment of an auditor? What is the goal of inventory control? What are the differences of internal and external users of information and their needs and demands on an information system? What are the use of cash budgeting procedures? Does retaining earnings go on a Multiple-Step income statement? How can you trace your british leyland pension? What are some reasons that your federal tax return be taken? Who took over the western savings and loan association in Winnipeg MB? Are state income payments deductible on federal taxes? How many allowances should you claim on taxes to break even? On the balance sheet the amount shown for the Allowance for Doubtful Accounts is equal to the? Difference between perpetual inventory system and periodic inventory? Why is return inward in debit side of trial balance?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.